Franklin Resources Inc. Purchases 11,552 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Franklin Resources Inc. increased its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 35.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 44,247 shares of the industrial products company’s stock after acquiring an additional 11,552 shares during the period. Franklin Resources Inc.’s holdings in Apogee Enterprises were worth $3,160,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV increased its holdings in shares of Apogee Enterprises by 46.7% in the fourth quarter. KBC Group NV now owns 1,282 shares of the industrial products company’s stock worth $92,000 after purchasing an additional 408 shares during the period. Endeavor Private Wealth Inc. bought a new position in Apogee Enterprises in the 4th quarter worth about $32,000. LPL Financial LLC increased its stake in Apogee Enterprises by 14.6% in the 4th quarter. LPL Financial LLC now owns 4,253 shares of the industrial products company’s stock worth $304,000 after acquiring an additional 541 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Apogee Enterprises in the 4th quarter valued at about $40,000. Finally, Diversified Trust Co boosted its position in shares of Apogee Enterprises by 10.5% during the 4th quarter. Diversified Trust Co now owns 7,673 shares of the industrial products company’s stock valued at $548,000 after acquiring an additional 730 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises Price Performance

Shares of APOG stock opened at $46.50 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.63. Apogee Enterprises, Inc. has a fifty-two week low of $42.33 and a fifty-two week high of $87.93. The firm has a market cap of $1.02 billion, a P/E ratio of 10.38 and a beta of 0.85. The business’s 50 day moving average price is $47.67 and its 200-day moving average price is $63.79.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on APOG shares. Singular Research raised shares of Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th. Sidoti raised Apogee Enterprises from a “neutral” rating to a “buy” rating in a research note on Friday, January 10th. DA Davidson lowered their price target on Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, StockNews.com cut Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 9th.

Apogee Enterprises Profile

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).